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A Chinese company’s big bet on Bitcoin and other cryptocurrencies has sent its stock price on a wild ride. $800 Million Crypto Investment Addentax Group Corp. (ATXG), a Shenzhen-based firm involved in clothing, logistics, and property, announced a plan to spend $800 million on crypto. This includes buying 8,000 Bitcoin and an unspecified amount of…
The Department of Justice (DOJ) has upped the ante in a massive cryptocurrency theft case, charging twelve more people in connection with a $263 million heist. This brings the total number of defendants to fourteen. The Expanding Conspiracy The original two defendants, arrested last September, were accused of stealing 4,100 Bitcoin (worth roughly $230 million…
Michael Burry, the famed investor who predicted the 2008 housing market crash, has made some major moves with his investments. Recent filings show a dramatic shift in his portfolio strategy. Betting Against Tech and China Burry’s Scion Asset Management has taken a significantly bearish stance on several major companies. They’ve purchased put options on Nvidia…
A 61-year-old woman lost a staggering $387,000 in a bank scam, police say. How the Scam Worked The scam began with a phone call. Someone pretending to be from JPMorgan Chase’s fraud department convinced the victim to withdraw and hand over the large sum of money between February 27th and April 28th. The Chase and…
Bitcoin’s price is hovering around $103,000, and while its upward climb from May has slowed recently, the long-term outlook remains positive for many. Some analysts are using long-term indicators to predict future price movements. One such indicator, the Golden Ratio Multiplier, successfully predicted Bitcoin’s peak in 2021 and is now pointing towards a new high….
Bitcoin has been trading sideways lately, bouncing between $101,000 and $105,000. While this represents a small gain, it follows a significant price jump earlier in May and a period of market cooling. But one analyst thinks this sideways movement is actually a bullish sign. A Stairway to $115,000? Trader Alan, a popular crypto analyst on…
Bitcoin’s price has been on a tear since mid-April, soaring from under $85,000 to over $104,700. This surge was fueled by positive investor sentiment and increased investment, particularly through Bitcoin ETFs. A Less-Than-Convincing Rally? However, things might be cooling off. Bitcoin has struggled to break through the $102,000 – $105,000 range for the past week….
Bitcoin has been holding steady above $100,000 recently, but its price action has been a bit sluggish. While some see this as a sign of weakness, a closer look at the options market suggests otherwise. Options Market Shows Bullish Sentiment Recent analysis from Glassnode reveals a shift in trader sentiment. Their key indicator, the 1-month…
Dogecoin, after a brief surge above $0.20, is showing signs of weakness. It’s dropped 15% from its recent high of $0.2581 and might fall below $0.20 again. The $0.24-$0.25 Resistance Dogecoin’s recent attempt to break through the $0.24-$0.25 price range failed. This area acted as strong resistance before, notably in early March. This rejection created…
Ethereum’s price has skyrocketed! Since early April, it’s jumped almost 97%, going from around $1,388 to over $2,743. This huge increase has everyone in the crypto world talking. Is Ethereum About to Hit a New High? One analyst, CoRE, is super bullish on Ethereum. They believe it’s practically guaranteed to hit a new all-time high…
